Dear Mr. Natter Parkash Verma,
 
Greetings of the day!
 
 
Thank you for contacting TATA AIA Life Insurance.
 
This is with reference to your query regarding surrender via email dated 2nd October 2022. Your service request number is 81793463 which you can track at all on our touchpoints.

 

Policy Number:  C181091530
We wish to inform you that you can request for Freelook cancellation within 15 days from the day you receive your policy document/ within 30 days for all policies issued under Channel “WEB SALES”.

As per our records, your Freelook period end date was 23rd July 2022. We regret to inform you that we are unable to comply with your request, since the free look period has already passed in the aforesaid policy.

Further, please note that most Insurance products are of long-term nature and as a customer you derive maximum benefit on being invested for the full term of the policy.  Apart from staying invested it is also important to continue to pay the premiums for the premium paying term to enable the systematic long-term investment as well see compounding growth of your portfolio. 

The aforesaid policy issued to you is a Tata AIA Life Insurance  TATA AIA LIFE INSURANCE SMART VALUE INCOME plan. Following are the benefits of the policy opted by you.
 
Key Benefits 
• Choice between 2 plan options –
1. Cash Bonus
2. Accumulating Cash Bonus Under plan option
1: Choice of receiving cash bonus (if declared) as early as from the 1st month in your Sub-wallet! Under plan option
2: Accumulate cash bonus (if declared) till the end of policy term and receive a hefty lump sum amount at maturity
Under Single Pay: Choice of Sum Assured-I and Sum Assured-II
- Sum Assured - I: Death Benefit Multiple of 10 times Single Premium
- Sum Assured - II: Death Benefit Multiple based on entry age
• Freedom of financial and legacy planning as per your needs with the help of multiple options of Policy Term & Premium Payment Term
• Life Protect Feature – Continue your life cover1 even if you need to postpone premium payment due to loss of income and/or unemployment
• Enhance your protection with optional Riders
• Tax benefits may be applicable on premiums paid and benefits received as per applicable tax laws 1A monthly mortality charge will be levied. Please refer section “Additional Benefits and Features” for details.
 
We would urge you to continue with the aforesaid policy to reap the benefits of this plan in future.
 
We thank you for your patience and understanding in this regard.
 
We recommend you to use digital options & reach us through the below touchpoints:
 
1) Digi Account, Click on https://myinsurance.tataaia.com/
For any further queries/clarifications, please feel free to contact us on our helpline number at 18602669966 (local call charges apply) from Monday to Saturday between 10.00 am to 7.00 pm or email us at customercare@tataaia.com.
 
We are pleased to announce bonus declaration for FY22 – 23 that reflects our commitment to protect policyholders and their long term financial goals. Pls refer to the below link for details:

 

Assuring you the best of our services always.
  
Stay Strong & Stay Safe.

 

Yours Sincerely,
Kaleemunnisa Shaikh
Customer Service Team

 

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Stay worry-free about your premium payments! Click http://bitly.ws/8BCf to activate Autopay on your Tata AIA Life policy. Raksha Karta Helpline: 1860-266-9966 |  NRI: +91-22- 6251 9966 (Monday - Saturday 10 AM to 7PM) | Whats App Services: https://wa.me/917045669966?text=Hi | Communication address: TATA AIA Life Insurance Co. Ltd., 9th Floor, B Wing, I-Think Techno Campus (Lodha), Behind TCS, Pokhran Road. No. 2, Thane West – 400607 | Website: www.tataaia.com
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Created: 05/10/2022 10:03:46
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